likely drive higher prices. Hence, I test whether there is a positive association between a string of increasing earnings and firm fundamentals. This allows me to determine whether fundamentals lead to
appraiser by SEC and is not considered a connected person, as an independent appraiser to determine fair market value of the Target Group Hotels and Resorts. The appraisal report is to be used for public
of shares in the amount not exceeding, USD 320 million. Page 13 of 14 8. Basis for determining the value of consideration 8.1 Disposition of Assets In order to determine the total value of the assets
authorization of the Chief Executive Officer: (1) to enter into negotiations, agreement, to determine, change, amend any detail, condition, and procedure necessary for the acquisition of ordinary shares, the VTO
the Company. 6. Criteria to determine total value of consideration The value of consideration is derived from share offer which does not exceed Baht 350,000,000. The Company shall offer the sale of
which the Board of Directors of the Company has the resolution. After this sale of shares of NINE, NINE will no longer have a status of an associated company of the Company. 6. Criteria to determine total
investing in short-term open-endmutualfund that the company has invested. 6. Total value and criteria used to determine the total value of the transaction The transaction is considered as a
higher return than bank deposits and investing in short-term open-end mutual fund that the company has invested. 6. Total value and criteria used to determine the total value of the transaction The
value. 6. Criteria to determine the price The overall construction cost of Wattanapat Samui Hospital based on the project of Wattanapat Ao-Nang hospital. Since the Samui is an island, therefore, the
30 June 2018, NML’ debt owed to the Company was Baht 75.82 million. After the disposal of all investments in NML, NML will cease to be a subsidiary of the Company. 6. Criteria to determine total value